Pretium Resources, Inc. (PVG) Rating Increased to Outperform at Scotiabank

Pretium Resources, Inc. (NYSE:PVG) (TSE:PVG) was upgraded by Scotiabank from a “sector perform” rating to an “outperform” rating in a research report issued on Wednesday.

Several other research firms also recently issued reports on PVG. ValuEngine upgraded Pretium Resources from a “sell” rating to a “hold” rating in a research report on Friday, October 6th. BidaskClub upgraded Pretium Resources from a “hold” rating to a “buy” rating in a research report on Monday, July 24th. Zacks Investment Research downgraded Pretium Resources from a “hold” rating to a “sell” rating in a research report on Saturday, July 8th. Royal Bank Of Canada reiterated an “outperform” rating on shares of Pretium Resources in a research report on Thursday, September 7th. Finally, Citigroup Inc. reiterated a “buy” rating on shares of Pretium Resources in a research report on Wednesday, September 6th. Three research analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. Pretium Resources has an average rating of “Buy” and a consensus price target of $15.75.

Pretium Resources (NYSE PVG) traded down 1.56% during trading on Wednesday, reaching $11.98. The company’s stock had a trading volume of 1,327,762 shares. Pretium Resources has a 12 month low of $6.82 and a 12 month high of $12.53. The company’s market cap is $2.17 billion. The stock’s 50 day moving average is $9.05 and its 200 day moving average is $9.41.

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Hedge funds have recently modified their holdings of the stock. Bank of New York Mellon Corp purchased a new stake in shares of Pretium Resources in the first quarter worth $108,000. World Asset Management Inc purchased a new stake in shares of Pretium Resources in the second quarter worth $102,000. Investment Centers of America Inc. purchased a new stake in shares of Pretium Resources in the second quarter worth $103,000. HM Payson & Co. purchased a new stake in shares of Pretium Resources in the second quarter worth $106,000. Finally, Virtu Financial LLC purchased a new stake in shares of Pretium Resources in the second quarter worth $129,000. Institutional investors own 43.25% of the company’s stock.

Pretium Resources Company Profile

Pretium Resources Inc is a Canada-based exploration and development company. The Company is engaged in the acquisition, exploration and development of precious metal resource properties in the Americas. The Company’s projects include Brucejack Project and the Snowfield Project, both of which are located in northwestern British Columbia.

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